Junior…fair stretch to compare NAE to Woodside and BHP. I was...

Junior…fair stretch to compare NAE to Woodside and BHP. I was simply answering a question that was asked

I applaud RCF for backing NAE (and is why I invested) but you can’t be serious if you think they would be happy with this placement. Their interests are being diluted significantly for a project that has nothing to do with Wolf Minerals (Redmoor is already fully funded). If RCF were still 100% committed they would have requested a rights issue not a SPP to protect their interests. I suspect Gary asked RCF if they wanted to participate and they baulked at the idea of another cap raising …hence we have ended up with a share purchase plan not a rights issue. Probably sick of throwing good money after bad. The value of RCF’s investment has become nothing but a rounding error on their balance sheet, why would they persist ? particularly now Redmoor is outside of NAE’s control